The Hindu Business Line : Thursday, December 04, 2008

MONEY & BANKING

OUTLOOK: Bonds rally on rate cut expectations
Mumbai, Dec. 3 Prices of Government Securities (G-Sec) shot up by around Rs 2 on Wednesday on expectations that the Reserve Bank of India would soon announce “steep cuts” in its signal rates – repo and reverse ...

MERGERS & ACQUISITIONS: Insurance regulator working on norms for mergers & acquisitions
New Delhi, Dec. 3 The Insurance Regulatory and Development Authority (IRDA) is pitching for consolidation in the Indian insurance ...

CONSUMER FINANCE: Public sector banks on fast track now
AUTO LOANS. New Delhi, Dec. 3 It’s a reversal of roles. Public sector banks now have more customers knocking on their doors for auto loans than private banks, which were leading the race ...

FOREX: Rupee derailed by terror attack
The nascent rupee appreciation that began last week was terminated by the terror attacks in Mumbai. There was a sharp downward reversal when the forex markets re-opened on November 28 after a one-day break caused by fears of accelerated ...

CREDIT MARKET: Banks need more capital to meet rising credit offtake
Seek interest on CRR amount kept with RBI. Bangalore, Dec. 3 Public sector banks are beginning to face mounting capital pressures in the face of high ...

PUBLIC SECTOR BANKS: Banking on makeovers
A few public sector banks go in for a makeover to appeal to the current generation.. We all love stories. Their appeal is universal, all the more so if they are ones that evoke emotions. The chances of such stories being remembered and retold ...

FOREX: Let adrenalin rule
Adrenalin is a fight or flight hormone. It makes one either cantankerous for the nonce or make one take to one’s heels. In the past, economists have recommended fiscal stimulus to boost a sagging economy. The Government, at ...

FINANCIAL INSTITUTIONS: IRFC raises Rs 2,700 cr at 9%
To raise $400 m through external commercial borrowings. New Delhi, Dec. 3 The Indian Railway Finance Corporation (IRFC) has raised about Rs 2,700 crore till date this fiscal at a weighted average cost of 9 per cent and an average tenor of 10.22 ...

FOREX: Rupee tad higher
The rupee appreciated by about 10 paise against the dollar on Wednesday, in a volatile market. The currency opened at 49.85 and weakened to touch an intra-day low 50.11/12. It then staged a recovery to touch an intra-day high of 49.78 before ...

EVENTS: Tapping the potential
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FARM CREDIT: Interest subvention hiked on farm loans
Mumbai, Dec. 3 The Union Government has approved higher interest subvention of 3 per cent per annum as against 2 per cent per annum announced earlier to public sector banks (PSBs), co-operative banks and Rural Regional Banks (RRBs) in respect ...

PUBLIC SECTOR BANKS: SBT facility for Guruvayur temple
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PUBLIC SECTOR BANKS: CA elected to SBI panel
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SHORT TERM INSTRUMENTS: Call rates unchanged
Call rate closed at 6.10-6.20 per cent, the same as the previous day’s close. In the one-day repo auctions under the first and the second liquidity adjustment facility (LAF), there were no bids. In the reverse repo auction, the RBI ...